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There is no strong correlation between power consumption and the number of bitcoins you've mined. What's to stop me from hoarding hundreds of bitcoins but clai

• betterunix 13y ago
  Nothing, but then you face the same problem that the mafia has: how do you spend all that hidden money without getting caught? Yes, you can get away with small things -- groceries, bullets, etc. -- but once you buy something big (a car, a boat, a house, a fancy rifle) you're going to have a hard time hiding the transaction.
  • lettergram 13y ago
    Unless of course you claim you made enough BitCoins to buy a house that year, but perhaps not so many as to furnish it (even though you did) Still avoided $20,000 in taxes and pretty much impossible to get caught unless you invite the IRS to your home.
    • betterunix 13y ago
      ...or if the IRS conducts an audit and just shows up, wondering why someone would buy a home, list it as their address, but not bother furnishing it.